Posted Jun 26 2012 9:11PM
NEW YORK (AP) -- The New York Knicks say J.R. Smith has declined his second-year contract option and will become a free agent.
The Knicks could still re-sign the reserve swingman, who averaged 12.5 points last season, when he becomes a free agent Sunday. He was scheduled to make about $2.5 million next season but could earn slightly more by signing a new deal with the Knicks.
Smith joined the Knicks in February after playing in China during the lockout. He informed the Knicks of his decision on Tuesday.
|Top 5: July 10|
Count down the top five plays from Thursday night's action from Orlando's Summer League games.
|Daily Zap: July 10|
Get the quick recap from Thursday's action from the Summer League games in Orlando.
|Rookie of the Day - Jordan Adams|
Jordan Adams scores 19 points on 7 for 12 shooting, and grabs 3 rebounds and 3 steals in a win over the Rockets.
|Player of the Day - Marcus Smart|
Marcus Smart scores 19 points, dishes out 5 assists, and grabs 3 rebounds in a victory over the Magic.
|Block of the Night - Jamaal Franklin|
Jamaal Franklin gets the big block on Chris Kramer's layup attempt.